Elysian – A decentralized platform to build Ecommerce websites on the blockchain

Elysian is an innovative new decentralized platform that will use the Ethereum blockchain to secure customer data, facilitate Ecommerce transactions, and drastically change user experience. The integration of smart contracts and blockchain technology will ultimately provide a higher level of security in the realm of Ecommerce. The interoperability of the platform will serve as the basis for future scalability and sustainable growth. Extensive analysis into competing businesses exposes a lack of unprecedented user experience. The current status quo is not healthily sustainable as advancements in technology become more commonplace.

The implementation of Artificial Intelligence and Virtual Reality into the Ecommerce industry will provide efficient website navigation, revolutionary product visualization, and unparalleled consumer convenience. The extrapolated Ecommerce revenue projections indicate a lucrative future if companies can adapt to necessary market transformations. The integration of the Elysian token into the platform as a method of access to transactions provides entry into our ecosystem. Consumers will be incentivized to become incorporated into the Elysian community and play a vital role in the growth of the company.

The Ecommerce Market

Business to consumer (B2C) Ecommerce is a massive global market which, in 2017, surpassed $2 trillion in sales and is expected to have an annual growth rate of 9.9%. Indeed, the most current estimation is that global Ecommerce sales will exceed $4 trillion by 2021. The continual increase in Ecommerce sales is supported by several factors including:

Key Takeaways: The number of worldwide digital buyers is projected to exceed 2 billion by 2021. Within the next four years, Ecommerce will encompass just over 15% of the total global retail sales market. China will continue to maintain its number one position as the most significant Ecommerce market comprising 83% of the online shopping penetration and 15.9% of total retail sales worldwide.

Given the enormous population existent within China, their dominance within Ecommerce is not surprising. Yet, this does not mean that Chinese consumers are wholly purchasing from Chinese retailers: 56% of global consumers, including Chinese respondents, who were surveyed by PWC revealed that they use Amazon as their Ecommerce retailer. ⁹ This phenomenon is not limited to China, as 57% of consumers in each international region, e.g., Latin America, North America, Europe, Africa, and EastAsia, enact purchases from nondomestic retailers.

SECURITY This is a legitimate concern in the realm of Ecommerce, exemplified most notably by the data breaches of Target and Equifax. Elysian will improve this aspect using smart contracts and storing customer data on the blockchain to upgrade security. This will generate a level of trust in the businessto-consumer (B2C) business model that is currently nonexistent.

USER EXPERIENCE (UX) Elysian will provide a new experience for consumers by integrating Artificial Intelligence and Virtual Reality into Ecommerce to create useful, efficient website navigation and provide consumers with a more detailed description and visualization of products.

ATOMIC SWAPS Vastly improves the convenience of payments in cryptocurrency. Users will have the ability to freely convert to whichever token they desire, including the Elysian token, to eliminate fees and purchase goods in a more efficient manner.

TOKEN SYSTEM The Elysian token (ELY) will serve as the primary method of access to transactions on the Ecommerce platform. The token will have the capability of being kept in our private wallet and then sent to the Ecommerce platform to facilitate transactions for services, avoiding the hassle of using a card or the outrageous fees of bitcoin. The token will be of the ERC20 format.

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